Once you have your school in mind (that is part of our supported list of schools & courses), click 'Apply Now' to create an account with us.
If will take you about 10 minutes to complete a loan application and if you are eligible and if we're able to offer you a loan, you'll receive a loan provisional offer either instantly or within 2 business days. We’ll ask you to provide supporting documentation to confirm the information below during the verification stage of your application.
Eligibility Check
Before completing a loan application, you would first need to check if you are eligible to apply for a loan for your studies.
Residential information
- We need to know where you are currently living, what county you call home, and where you have lived for the past 3 years. This is due to the regulatory restrictions for international lending, and without this information, we would not be able to move forward with your application
School and class
- At this step, you would need to confirm which support the school and course you are applying for.
- If we do support the school, course, and period, you would be able to select it from the drop-down provided
- If you don’t see it on the list, this unfortunately means that we may not be able to support that school. Not to worry though, you can register your interest in the school, and as soon as we can support that school, we’ll reach out to you
If you are eligible, you would need to provide the below information:
Personal info
- We need to know your personal information, such as your full name and contact details.
- We’ll ask you later on in the process to provide us with your updated contact details once you arrive on campus, so please make sure the details provided are correct
Financial Situation
Income
- If you’ve been employed or are currently employed, you’ll be able to add the details of this employment (including the type and monthly salary) in the fields provided. You’ll be asked to provide supporting documentation during the verification process to confirm your employment status
- If you haven’t been employed before, not to worry! You can go ahead and select “No” and move on to the next section
- If you’re an existing Prodigy Finance customer or are applying for another period, this information should not change. If you were previously unemployed, provide details from your last employment and share what you have been doing since it ended
Liabilities
- If you have existing debt that will not be used to support your studies, such as credit card debt, personal loans, mortgage, or auto loans amongst others, you will need to add it to this section. During the verification process, we’ll ask for a credit report which would include this information.
Assets
- If you own any property or assets for which you are the sole named owner or co-signatory you can add them in here. You don’t need to include assets in the name of other family members.
Budget: Tell us how you plan to fund your study period
- We’ll need to see how you plan to fund the study period you are applying for, as well as your entire course. As a responsible lender, we want to make sure that you can budget for the cost of your studies with the support of our loan. If we can offer you a loan, you will need to confirm the amounts listed in your application during our verification process
- If you have paid your school’s deposit value, this can be added to your budget and included as savings towards your tuition costs.
- If you have any scholarships, sponsorships or savings to help balance the cost of your studies, you will be able to declare these in your budget
- The budget will automatically update to display the funds you have declared. If the sum of these funds matches the cost of your studies (listed at the top of the budget screen), you have completed your budget
- If you have any 'Outstanding Funds' remaining, you will need to increase your funding source amount before you can progress
Deposit (if required)
- Check with your school if they require that you pay an upfront deposit.
- Prodigy Finance does not cover deposits, so plan to cover this cost yourself or contact your chosen school for more information.
- If you’ve paid an upfront deposit to your school, please let us know so that we can allocate this as savings for your chosen course on our system.
Additional info
- Great news! You’re nearly finished with completing the application. Use this space to give us information that you consider important in your application and that you have not been able to mention before. This includes a "self-declaration" as well as "Emergency Contact details".
When you’re ready, hit submit!
If you have any questions about the Prodigy Finance loan application journey, you're invited to join us in one of our weekly webinars. Register here!